MtoM #221: Pharmacist Builds a Real Estate Empire and Punches Out in 10 Years and Finance 101: 529s
May 5, 2025
A determined pharmacist turned real estate mogul achieved financial independence by building a thriving rental portfolio. Starting at 23, he cleverly navigated tenant selection and property management to earn $50,000 monthly. He emphasizes living frugally despite his success and shares how pharmacy funded his journey. Additionally, listeners gain insights into 529 college savings plans, exploring funding strategies and investment options to maximize savings for education. This blend of real-world success and financial wisdom offers invaluable knowledge for aspiring investors.
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Starting Real Estate at 24 Zero Capital
Ryan began investing in real estate at 24 with no prior capital, starting by house hacking to rent out bedrooms individually.
His top property now generates $6,550 monthly through this optimized rent-by-bedroom model.
question_answer ANECDOTE
Costly Early Real Estate Lessons
Early in his investing journey, Ryan faced costly issues like a broken sewage line and an AC replacement on his first property.
These problems cost over $30,000 but taught him the importance of thorough due diligence and inspections.
volunteer_activism ADVICE
Smart Debt Management Strategies
Ryan typically puts 20% down on properties and balances between 15-year and 30-year mortgages depending on cash flow goals.
After 10 properties, he started using DSCR loans, which allow purchases without needing W-2 income, based on rental income coverage.
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Today we are talking with a Pharmacist who has reached FI in his 30s. While his career has been in pharmacy he was always committed to building a big real estate portfolio. He bought his first property at 23 and has continued to grow it since that time and is now making roughly $50,000 per month from rental income. He retired from Pharmacy last year and is now focused only on his real estate portfolio. He got into real estate for financial freedom and the ability to create the life he wants. Despite his impressive income he continues to live a frugal lifestyle. He said he enjoyed his career in pharmacy and credits it for giving him the capital he needed to build his portfolio. If you are interested in real estate this interview is for you! For finance 101 we are talking about 529s.
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The White Coat Investor has been helping doctors with their money since 2011. Our free financial planning resource covers a variety of topics from doctor mortgage loans and refinancing medical school loans to physician disability insurance and malpractice insurance. Learn about loan refinancing or consolidation, explore new investment strategies, and discover loan programs specifically aimed at helping doctors. If you're a high-income professional and ready to get a "fair shake" on Wall Street, The White Coat Investor channel is for you!
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